Wall Street

Stocks gain as risk sentiment improves, oil steadies

Published by
Reuters

By Kevin Buckland and Sam Byford TOKYO (Reuters) – Shares rose broadly across Asia on Monday, building on morning gains and a Friday Wall Street rebound as sentiment improved and oil prices steadied, tempering fears of prolonged inflation. Treasury yields remained subdued and the dollar hovered near the lowest in more than a week as investors continued to assess the outlook for U.S. rate hikes, and the potential for a recession. Japan’s Nikkei rallied 1.51%, while Australia’s benchmark jumped 2.03% and looked set for its best day in more than six weeks. Chinese blue chips rose 1.17% and Hong K…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street